No Down Payment? No Problem!
Access Credit Union, The City of Winkler, and Lux Construction have partnered to offer a home ownership option with no down payment, for qualified Buyers.
How it works
• Access Credit Union will provide an insured mortgage and an interest free loan for the down payment of 5% of the purchase price for 5 years.
• Lux Construction will provide a $10,000 discount on the purchase price of a home on Yellowstone Trail in Winkler.
• Must be approved for the program by Access Credit Union
• 5 year fixed Mortgage required
• Home to be owner occupied
• Maximum Annual Family Income of $125,000
• Insured Mortgage is amortized over 25 years at the current 5-year fixed interest rate @5.59% , subject
• Interest free down payment loan is paid over 5 years